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Feb 6, 2013
02/13
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this is president obama's sequester. the president has failed up until now to come up and offer anything specific beyond talking points and press conferences as to how he proposes to turn the sequester off. and absent that, we don't have any changes. >> many that i thinkthanks, pet. tomorrow i'll chat with eric cantor. he made a major address today at the american enterprise institute. he had across the board ideas to reinvigorate the republican party and the national economy. again, mr. cantor will join me tomorrow. next up this evening, we had a nice recovery rally in the markets today. but here's what i want to know. what effect will the sequester have on stocks? will it be as dire as some say or might it be bullish. we'll get answers. free market capitalism, the best path to prosperity. free market capitalism says shrink government spending to grow the economy. i'm larry kudlow. we'll be right back. all right that's a fifth-floor problem... ok. not in my house! ha ha ha! ha ha ha! no no no! not today! ha ha ha! ha ha
this is president obama's sequester. the president has failed up until now to come up and offer anything specific beyond talking points and press conferences as to how he proposes to turn the sequester off. and absent that, we don't have any changes. >> many that i thinkthanks, pet. tomorrow i'll chat with eric cantor. he made a major address today at the american enterprise institute. he had across the board ideas to reinvigorate the republican party and the national economy. again, mr....
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Feb 18, 2013
02/13
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we can't do it. >> that was from president obama's 66-minute state of the union address this week. the first in his second term. joining me now, was deputy secretary for president bush, michael beschloss is a presidential historian. thanks for being here. tony, what did you think? can we get an economic policy that doesn't stress consumers or scare investors as the president said? >> it's hard actually in this environment. i talk to people about this all the time and try to help them understand what's going on here in washington. and these really are, you know, manufactured crises in a lot of ways, but some of them are structural to our system. the president talks a lot about republicans bringing things to the brink with things like the debt ceiling which i've been very vocal about. republicans should not try to have that fight on the debt ceiling. but we have a budgeting problem in washington where the senate can essentially just walk away from the game of doing a budget in washington. # that what's never happened and it's happened three years in a row. the only consistent way to
we can't do it. >> that was from president obama's 66-minute state of the union address this week. the first in his second term. joining me now, was deputy secretary for president bush, michael beschloss is a presidential historian. thanks for being here. tony, what did you think? can we get an economic policy that doesn't stress consumers or scare investors as the president said? >> it's hard actually in this environment. i talk to people about this all the time and try to help...
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Feb 1, 2013
02/13
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she operated under obama. leon panetta spoke out against the budget cuts in defense and that's one of the reasons he's gone. that's one of the reasons he's gone. in other words, obama wants people who are just going to take his marching orders. that's the way i look at it. >> the dangerous thing, though, is that unlike hillary, this guy can't even stick to the script. so how could obama send him out to people? how could he remember his lines? i mean, it's really sort of an epic moment that i don't think the country would be safe or well served by. >> she is at least articulate. >> i think he's going to be confirmed anyway, as awful as that sounds. democrats are going to confirm him. that's the life we live in. that's the country we live in, jennifer ruben. thank you very much for your reporting. also thanks to art laffer and michelle caruso-cabrera for being with us this evening. i appreciate it. >>> now we're going to stick with national security. we have reports today that the chinese government has hacked i
she operated under obama. leon panetta spoke out against the budget cuts in defense and that's one of the reasons he's gone. that's one of the reasons he's gone. in other words, obama wants people who are just going to take his marching orders. that's the way i look at it. >> the dangerous thing, though, is that unlike hillary, this guy can't even stick to the script. so how could obama send him out to people? how could he remember his lines? i mean, it's really sort of an epic moment...
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Feb 22, 2013
02/13
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i know you're pro obama i appreciate that. do you want your central bank toez up or do you want it home to tighten up? >> you're making an argument for mormon tear stimulus. the president has been proposing that. that's what the fed is trying to do. if you drawback on that there's a fear that they will put our economy back into trouble. i think we need to have more of that. i think we need fiscal stimulus. >> the ideal combo here is a very tight fiscal policy with an easy monetary policy and that's how we'll deal with the fiscal problem. no tax hikes, spending cuts. >> you get both out of the way. you have to at some point and i agree not having qe as an expectation is a tighter policy. that's point number one. point two it's very old wall i need stimulus and i need spending. if you go back to reagan, clinton, go back to eisenhower -- >> strong dollar was consistent with great stuff. >> strong dollar is the most pro growth signal you can find. >> those were golden dollars. these are not golden dollars today. >> the average oil
i know you're pro obama i appreciate that. do you want your central bank toez up or do you want it home to tighten up? >> you're making an argument for mormon tear stimulus. the president has been proposing that. that's what the fed is trying to do. if you drawback on that there's a fear that they will put our economy back into trouble. i think we need to have more of that. i think we need fiscal stimulus. >> the ideal combo here is a very tight fiscal policy with an easy monetary...
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Feb 5, 2013
02/13
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president obama to speak in 15 minutes time. he will ask congress to come up with short-term packages to put off automotiatic spending cuts. hampton, we begin with you, budget office right now releasing its budget and economic outlook. give us details. >> reporter: the budget office, assumes no change in current laws, 2013 fiscal year budget deficit, $845 billion. cbo projects first time below $1 trillion since 2008, 5% of gdp, well below the peak of 2009. saying deficits decline as a percentage of gdp could dip as low as 2.4% in 2015. then they start to rise again in 2016. that 10-year-old cbo deficit projection increased overall to 4.6 trillion for the 2013 decade up from $20.2 trillion in it's previous. cbo sees real gdp growing 1.4% in 2013, the sub died growth limits businesses to hire more workers, cbo projecting unemployment rate to stay near 8% this year, also expecting unemployment rate to remain above 7.5% through 2014. debt and deficits will be larger, the cbo says, if current laws were modified and rising health care
president obama to speak in 15 minutes time. he will ask congress to come up with short-term packages to put off automotiatic spending cuts. hampton, we begin with you, budget office right now releasing its budget and economic outlook. give us details. >> reporter: the budget office, assumes no change in current laws, 2013 fiscal year budget deficit, $845 billion. cbo projects first time below $1 trillion since 2008, 5% of gdp, well below the peak of 2009. saying deficits decline as a...
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Feb 13, 2013
02/13
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facebook ceo mark zuckerberg who hosted president barack obama president obama at a facebook town hall two years ago is holding a big re-election fund-raiser for new jersey's very republican governor chris christie. find out what's behind this new lo lovefest in the democrat stronghold of silicon valley. that's coming up later on the "closing bell." tdd#: 1-800-345-2550 this morning, i'm going to trade in hong kong. tdd#: 1-800-345-2550 after that, it's on to germany. tdd#: 1-800-345-2550 then tonight, i'm trading 9500 miles away in japan. tdd#: 1-800-345-2550 with the new global account from schwab, tdd#: 1-800-345-2550 i hunt down opportunities around the world tdd#: 1-800-345-2550 as if i'm right there. tdd#: 1-800-345-2550 and i'm in total control because i can trade tdd#: 1-800-345-2550 directly online in 12 markets in their local currencies. tdd#: 1-800-345-2550 i use their global research to get an edge. tdd#: 1-800-345-2550 their equity ratings show me how schwab tdd#: 1-800-345-2550 rates specific foreign stocks tdd#: 1-800-345-2550 based on things like fundamentals, momentum
facebook ceo mark zuckerberg who hosted president barack obama president obama at a facebook town hall two years ago is holding a big re-election fund-raiser for new jersey's very republican governor chris christie. find out what's behind this new lo lovefest in the democrat stronghold of silicon valley. that's coming up later on the "closing bell." tdd#: 1-800-345-2550 this morning, i'm going to trade in hong kong. tdd#: 1-800-345-2550 after that, it's on to germany. tdd#:...
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Feb 5, 2013
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Feb 7, 2013
02/13
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that means sequester, which was obama's idea. it's going to happen. but listen to how the president attacked republicans today. >> they recognize that the sequester is a bad idea, but what they have suggested is the only way to replace it now is for us to cut social security, cut medicare and not close a single loophole, not raise any additional revenue from the wealthiest americans or corporations. >> there you go. additional revenue. joining me, robert costa. i was at the heritage foundation's seminar today for new and old congressional members. the vibe i picked up is, a, no new taxes and, b, let's cut spending. >> it's quite a scene on capitol hill. house republicans are very nervous about the sequester. back home in their districts, a lot of them represent military families, defense mms and employees. tharp not going to accept the president's demand for tax increases zip thought the defense lobby went in to see the president. do we know what happened there? big defense companies. what happened? >> the president brought in a lot of defense executi
that means sequester, which was obama's idea. it's going to happen. but listen to how the president attacked republicans today. >> they recognize that the sequester is a bad idea, but what they have suggested is the only way to replace it now is for us to cut social security, cut medicare and not close a single loophole, not raise any additional revenue from the wealthiest americans or corporations. >> there you go. additional revenue. joining me, robert costa. i was at the heritage...
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Feb 7, 2013
02/13
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this is an obama-type defense on spending cuts. next thing you want is revenues to help the post office go through. what's go pac? i'm sorry. >> it's a teachable moment as guy talked about. this is what happens when you allow the government to come in and run an industry that in treery is private. it is not. any decision the post office wants to make to become more efficient, they have to say mother may i. in this administration you see whether it's the epa that wants to continue to regulate the energy industry, trying to do more in the car industry, trying to take over the health care industry. >> can i just interject? you see the problems between government has mother may i decisions over the economy. >> it has nothing to do with the obama administration. the problems of the post office go back way before president obama existed. the reality is it's an inefficient organization that has to answer to the government to make decisions. the problem is people aren't using the post office. >> let me make a quick point. first of all it's
this is an obama-type defense on spending cuts. next thing you want is revenues to help the post office go through. what's go pac? i'm sorry. >> it's a teachable moment as guy talked about. this is what happens when you allow the government to come in and run an industry that in treery is private. it is not. any decision the post office wants to make to become more efficient, they have to say mother may i. in this administration you see whether it's the epa that wants to continue to...
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Feb 2, 2013
02/13
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did team obama make any real changes to the obama care contraceptive coverage or not? the much-promoted accommodation for religious groups may be falling flat. is there still religious freedom in this story? some catholic leaders today say it's all window dressing. later on in the show it's super bowl weekend, but the big buzz is all about the stunning revelations surrounding dan marino and his love child. our own brian schactman spoke to marino just before the scandal broke, and wait until you hear what they talked about. and don't forget, folks, free market capitalism is the best path to prosperity. let me tell you, private companies operating in the free market are holding our story together. not washington. free market private companies. just leave them alone. i'm larry kudlow. we'll be right back. >>> big story today. obama care contraception and religious freedom. did anything change today when the new regulations were published by the health and human services department? some religious groups are saying there's still no real opt-out for religious groups, cathol
did team obama make any real changes to the obama care contraceptive coverage or not? the much-promoted accommodation for religious groups may be falling flat. is there still religious freedom in this story? some catholic leaders today say it's all window dressing. later on in the show it's super bowl weekend, but the big buzz is all about the stunning revelations surrounding dan marino and his love child. our own brian schactman spoke to marino just before the scandal broke, and wait until you...
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Feb 7, 2013
02/13
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when americans discover how bad obama care is and when obama care starts bankrupting state governments, i think you're going to see a huge rebellion against this president and his policies. >> but when -- when are they going to figure that out, senator? we've been talking about obama care for a long time now, and it's already costing businesses, you know, enormous amounts of money and stopping them from hiring any new headsed to the payroll so when are we going to figure this out in your view? when do you think that happens? >> when republicans begin to present our message better and we tell people whether you're rich, poor or middle class you'll have more jobs and more money if we leave money in your state, leave money in your pocket and that's how the economy will grow. when people figure that out, i think they will come back to the republican party, but they also have to see that what he's planning for us is -- it is bankrupting us as we speak. we're borrowing $50,000 a second and it can't go on. >> i didn't know it was a second. >> let me ask you about one other issue before we let
when americans discover how bad obama care is and when obama care starts bankrupting state governments, i think you're going to see a huge rebellion against this president and his policies. >> but when -- when are they going to figure that out, senator? we've been talking about obama care for a long time now, and it's already costing businesses, you know, enormous amounts of money and stopping them from hiring any new headsed to the payroll so when are we going to figure this out in your...
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Feb 12, 2013
02/13
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. >> is it possible tore president obama to derail this rally, now that we don't have to worry about the debt ceiling? >> not only debt ceiling but last tuesday he put up sequestration. we're not going to come to an agreement, a couple of solutions, kick that can down the road, time to think and talk about it. you saw it grind higher. not real volume. listen, you want them, pay up, we're happy to sell on the way up. >> we're going to talk about apple during the course of the session, course of the program. what is your takeaway from what tim cook said or didn't say today? >> listen, i think it's very interesting this whole conversation with what einhorn has now created with apple. this conversation ensuing. i like apple. i like apple where it is at the moment. >> did you like it all the way down. >> i said a long time ago when it started to crack at 700, you had to be careful. there's so many names we saw at the end of the year, get into it, push and push the way the market got ahead of itself. i fully expect the market will back off some. it needs to some. if you look it up, exactly
. >> is it possible tore president obama to derail this rally, now that we don't have to worry about the debt ceiling? >> not only debt ceiling but last tuesday he put up sequestration. we're not going to come to an agreement, a couple of solutions, kick that can down the road, time to think and talk about it. you saw it grind higher. not real volume. listen, you want them, pay up, we're happy to sell on the way up. >> we're going to talk about apple during the course of the...
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Feb 12, 2013
02/13
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you saw president obama calling for swift reaction. india saying reports of the nuclear test are a matter of deep concern according to a foreign ministry statement. >>> moving down to conco which has expressed solidarity with its ceo who has just been arrested for alleged bribes. shares have just resumed trade in malan. now, ross, they're down something less than 9%. we did see closer to a 15% decline earlier. over to you. >> thanks for that, kelly. here we are just over an hour into the trading day in europe. pretty even stevens, actually. we're keeping our focus in the uk on barclay's. as we are on the xetra dax and the ibex and the cac 40. so no clear direction, as you can see. now, the nikkei was trading again today. let's show you where we've finished with the nikkei. up 2%. this morning, the yen was weakening again. we've seen it down against the dollar. we were bound at those may 2010 lows yesterday. shanghai composite up 0.5%. the hang seng up slightly, as well. we were flat in australia and the kospi down slightly flat. the au
you saw president obama calling for swift reaction. india saying reports of the nuclear test are a matter of deep concern according to a foreign ministry statement. >>> moving down to conco which has expressed solidarity with its ceo who has just been arrested for alleged bribes. shares have just resumed trade in malan. now, ross, they're down something less than 9%. we did see closer to a 15% decline earlier. over to you. >> thanks for that, kelly. here we are just over an hour...
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Feb 12, 2013
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i think obama's second term is a different mind-set than obama first term. >> we have to leave it there. we have a packed show. david as always appreciate you coming on "street signs." thank you very much. take care. >>> on deck, is tim cook cooked? apple doesn't turn it around, should a new ceo be on the way? later on goldman sachs ceo blankfein will be here live. certainly a lot to talk about with the man who runs goldman. stick around. back after this. [ woman ] don't forget the yard work! okay. [ male announcer ] with citibank's popmoney, dan can easily send money by email right from his citibank account. nice job ben. [ male announcer ] next up, the gutters. citibank popmoney. easier banking. standard at citibank. to deposit checks from anywhere. [ wind howling ] easier than actually going to the bank. mobile check deposit. easier banking. standard at citibank. >>> big news the past hour on the future of television. jul julia, is it true i'll be on all channels all the time. >> we can only hope. the big news here, intel is getting into the tv business, new division intel media work
i think obama's second term is a different mind-set than obama first term. >> we have to leave it there. we have a packed show. david as always appreciate you coming on "street signs." thank you very much. take care. >>> on deck, is tim cook cooked? apple doesn't turn it around, should a new ceo be on the way? later on goldman sachs ceo blankfein will be here live. certainly a lot to talk about with the man who runs goldman. stick around. back after this. [ woman ]...
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Feb 4, 2013
02/13
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now under the leadership of harry reid and president obama, it's not able to pass a budget. it's not a problem with the senate. it's not a problem getting 51 senators. they've done it for decades. the problem is that no one in washington on the other side of the aisle wants to take leadership for how to get us out of the fiscal mess we're in. and not this year's fiscal mess. the mess that extends out 20, 30, 40 years. the president's budget last year never, ever, ever balanced. you can't do that. those numbers don't add up. >> all right. let's bet back to this sequester here. it comes at a time when we just learned that fourth quarter gdp was horrible compared to what we saw in the third quarter. the stock market seems to feel like things are getting back to normal, the economy's on the mend. is this the time to allow these spending cuts to take effect automatically that could take out a number -- "the new york times" says it could cost a million jobs in the economy right now. isn't this the time to think about an alternative of some kind? >> absolutely. the senate has not t
now under the leadership of harry reid and president obama, it's not able to pass a budget. it's not a problem with the senate. it's not a problem getting 51 senators. they've done it for decades. the problem is that no one in washington on the other side of the aisle wants to take leadership for how to get us out of the fiscal mess we're in. and not this year's fiscal mess. the mess that extends out 20, 30, 40 years. the president's budget last year never, ever, ever balanced. you can't do...
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Feb 13, 2013
02/13
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obama sees the economy and whether he winunderstands that. if you're going to take away from some in order to give to others, i don't think that will be effective or received very well outside his base. >> a year ago it was the buffet rule. it was warren buffett's secretary in the first lady's box this year it's going to be the likes of a tim cook bringing mcintosh production back to the states. do you think we've edged off of that class warfare a about bit? >> i don't know. i want to hear what the president has to say. i have heard different things but have not read the speech. if he wants to go protectionist, for example, i think that will be poorly received, frankly, again, outside of his own union base and so forth. the tim cook thing is fascinating. i get that. if you bring manufacturing facilities home, that would be great. cut the corporate tax rate that would give them an incentive. regulate less that would give them an incentive to come home. >> certainly he will talk about incentives to try to bring manufacturing back home. i would
obama sees the economy and whether he winunderstands that. if you're going to take away from some in order to give to others, i don't think that will be effective or received very well outside his base. >> a year ago it was the buffet rule. it was warren buffett's secretary in the first lady's box this year it's going to be the likes of a tim cook bringing mcintosh production back to the states. do you think we've edged off of that class warfare a about bit? >> i don't know. i want...
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Feb 26, 2013
02/13
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>> for example, what president obama thinks right now. >> they want to know what president obama thinks. >> yes. >> that and more, when 60 minutes on cnbc returns. [ticking] [ male announcer ] you are a business pro. omnipotent of opportunity. you know how to mix business... with business. and you...rent from national. because only national lets you choose any car in the aisle. and go. you can even take a full-size or above. and still pay the mid-size price. i could get used to this. [ male announcer ] yes, you could business pro. yes, you could. go national. go like a pro. yes, you could. we replaced people with a machine.r, what? customers didn't like it. so why do banks do it? hello? hello?! if your bank doesn't let you talk to a real person 24/7, you need an ally. hello? ally bank. your money needs an ally. a body at rest tends to stay at rest... while a body in motion tends to stay in motion. staying active can actually ease arthritis symptoms. but if you have arthritis, staying active can be difficult. prescription celebrex can help relieve arthritis pain so your body can stay in
>> for example, what president obama thinks right now. >> they want to know what president obama thinks. >> yes. >> that and more, when 60 minutes on cnbc returns. [ticking] [ male announcer ] you are a business pro. omnipotent of opportunity. you know how to mix business... with business. and you...rent from national. because only national lets you choose any car in the aisle. and go. you can even take a full-size or above. and still pay the mid-size price. i could get...
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Feb 26, 2013
02/13
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>> for example, what president obama thinks right now. >> they want to know what president obama thinks. >> yes. >> that and more, when 60 minutes on cnbc returns. [ticking] with the spark cash card from capital one... boris earns unlimited rewards for his small business. can i get the smith contract, please? thank you. that's three new paper shredders. [ boris ] put 'em on my spark card. [ garth ] boris' small business earns 2% cash back on every purchase every day. great businesses deserve unlimited rewards. read back the chicken's testimony, please. "buk, buk, bukka!" [ male announcer ] get the spark business card from capital one and earn unlimited rewards. choose 2% cash back or double miles on every purchase every day. told you i'd get half. what's in your wallet? [ sneezes ] [ sniffles ] [ female announcer ] for everything your face has to face. face it with puffs facial tissues. puffs has air-fluffed pillows for 40% more cushiony thickness. face every day with puffs softness. you know it even after all these years. but your erectile dysfunction - you know,that could be a questio
>> for example, what president obama thinks right now. >> they want to know what president obama thinks. >> yes. >> that and more, when 60 minutes on cnbc returns. [ticking] with the spark cash card from capital one... boris earns unlimited rewards for his small business. can i get the smith contract, please? thank you. that's three new paper shredders. [ boris ] put 'em on my spark card. [ garth ] boris' small business earns 2% cash back on every purchase every day....
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Feb 11, 2013
02/13
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apple stock up about .5% right now, we just learned that tim cooke will be seated next to michelle obama at the president's state of the union address tomorrow night in washington, d.c. that should be very interesting. i wonder what that's going to be about. the stock up 1% today. the dow lower. we're coming off the low right now. i pointed out earlier that the s&p has been down every monday this year. that's five trading days. here's what the s&p has done year to date. we don't get the knnuances of t trading here. but so far up 6 1/3%. peter costa -- >> yes. >> you've told us as a skeptic you threw in the towel recently and were willing to buy this market. >> it was right after i spoke to ralph. >> he considered you to turn bullish. >> he did. >> but you have to admit this market is getting tired here, don't you think? >> if you look at the market where we're down 19 today, i think we'll churn a bit. i think this churning might go on for probably another couple of months. but i don't think the market's -- it's not done yet. i just think that right now we're going to be in a pausing phas
apple stock up about .5% right now, we just learned that tim cooke will be seated next to michelle obama at the president's state of the union address tomorrow night in washington, d.c. that should be very interesting. i wonder what that's going to be about. the stock up 1% today. the dow lower. we're coming off the low right now. i pointed out earlier that the s&p has been down every monday this year. that's five trading days. here's what the s&p has done year to date. we don't get the...
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Feb 5, 2013
02/13
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i know a lot of people when i got comments about president obama kick the can measure regarding sequestration, it did get a little reaction in the stock market. take a look at the spider. short-term reaction in the stock market where traders come in. here is where the announcement was made, a little blip upward here. volume picked up as well. that announcement asking congress for short-term package that would delay sequestration. see if that goes through. overall, mandy, this could happen tomorrow hitting new highs. i think that would be very important news. back to you. >> indeed it would, bob. thank you very much. >>> much more on these markets ahead. we begin the show with developing news from washington, the president proposing a new package of cuts and tax changes of he's trying to stave off s s sequester. john harwood, what's new on this matter? >> the president is trying to repeat what was done in january, a two-month delay in sequester. he's proposing one of several months not specified. he didn't specify spending cuts or tax cuts. his overall point was if we can't have a big package
i know a lot of people when i got comments about president obama kick the can measure regarding sequestration, it did get a little reaction in the stock market. take a look at the spider. short-term reaction in the stock market where traders come in. here is where the announcement was made, a little blip upward here. volume picked up as well. that announcement asking congress for short-term package that would delay sequestration. see if that goes through. overall, mandy, this could happen...
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Feb 13, 2013
02/13
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. >>> and president obama uses his state of the union speech to urge congress to end the battle over the budget and work together to boost the u.s. economy and help the middle class. >> together we have cleared away the rubble of crisis. we can say with renewed confidence that the state of our union is strong. >>> there we go. >> who doesn't love to kick off a wednesday morning with the iea monthly oil report? >> they have lowered their oil demand growth expectations on weaker gdp forecasts. demand growth, 840,000 barrels a day in 2013. they've cut the forecast for opec crude to 29.8 million barrels a day. they say oil supply will hit a 12-month low in january. >> can we show crude and look at the reaction there? we'll take a look in one second. what else are they saying in this report? >> they say the non-opec supply will be rising. opec supply will be falling. non-opec supply is rising, one million barrels a day this year. then they talk about iran oil production hovering below the lowest in 30 years. new sanctions could see further declines in iranian output. they say the sanction
. >>> and president obama uses his state of the union speech to urge congress to end the battle over the budget and work together to boost the u.s. economy and help the middle class. >> together we have cleared away the rubble of crisis. we can say with renewed confidence that the state of our union is strong. >>> there we go. >> who doesn't love to kick off a wednesday morning with the iea monthly oil report? >> they have lowered their oil demand growth...
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Feb 4, 2013
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. >>> president obama calling for smart spending cuts. but what does that mean? we'll get washington speak translated by former gop senator judd gregg? >>> and did beyonce blow out the lights at the super bowl? maybe. we'll talk about that. the superdome power outage. >>> also the beatles said money can't buy you love but can it buy you happiness? we'll see what the millionaires say. stay with us. is is for real thi. is is for real thi. step seven point two one two. verify and lock. command is locked. five seconds. three, two, one. standing by for capture. the most innovative software on the planet... dragon is captured. is connecting today's leading companies to places beyond it. siemens. answers. >>> welcome back. the dow industrial it is pulling way back from friday's 14,000 peak in a significant way. let's get to bob pisani recapping the movers. >> biggest declines of the year. declines up 1.5% to 2% in all the big names. but please note compared to what happened in europe, this is small potatoes. put up some of what happened here. nothing yet in italy the ol
. >>> president obama calling for smart spending cuts. but what does that mean? we'll get washington speak translated by former gop senator judd gregg? >>> and did beyonce blow out the lights at the super bowl? maybe. we'll talk about that. the superdome power outage. >>> also the beatles said money can't buy you love but can it buy you happiness? we'll see what the millionaires say. stay with us. is is for real thi. is is for real thi. step seven point two one two....
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Feb 25, 2013
02/13
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first lady michelle obama presenting the film with the top prize, as you saw. >>> what's on the agenda in the united states, there's no economic data today, but invests will be keeping a close watch on capitol hill as ben bernanke testifies before congress on the economy on tuesday and wednesday. atlanta fed president dennis lockhart speaks about the economy this evening. that's at 7:00 p.m. eastern. on the results page, first energy hurts lows, realology, autodesk muck notable names reported today. how are we set up for this week? michael gurka, good to see you this morning. hope you had a good weekend. we snapped the seven week of straight gains for the s&p at the beginning of the year. still, not a bad close on friday. we have the sequester at the end of the week, bernanke at the elsewhere.nd everything else how do you see it playing out? >> well, ross, i wonder if we're going to go satellite hook up to michelle obama again so she can give us the okay on the sequester and then we can put some more glitz to that, also, because that's how you want -- the market has jitters right now.
first lady michelle obama presenting the film with the top prize, as you saw. >>> what's on the agenda in the united states, there's no economic data today, but invests will be keeping a close watch on capitol hill as ben bernanke testifies before congress on the economy on tuesday and wednesday. atlanta fed president dennis lockhart speaks about the economy this evening. that's at 7:00 p.m. eastern. on the results page, first energy hurts lows, realology, autodesk muck notable names...
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Feb 28, 2013
02/13
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president obama and top lawmakers huddling at the white house as the ax hangs over spending programs that could slow down the economy. does wall street prefer those cuts to closing tax loopholes like the president advocates? we'll take a look at all of that coming up. stay with us. at optionsxpress we're all about options trading. we create easy-to-use, powerful trading tools for all. look at these streaming charts! they're totally customizable and they let you visualize what might happen next. that's genius! we knew you needed a platform that could really help you elevate your trading. so we built it. chances of making this? it's a lot easier to find out if a trade is potentially profitable. just use our trade & probability calculator and there it is. for all the reasons you trade options - from income to risk management to diversification - you'll have the tools to get it done. strategies. chains. positions. we put 'em all on one screen! could we make placing a trade any easier? mmmm...could we? around here, options are everything. yes mom, i'll place a long call to you tomorrow. i
president obama and top lawmakers huddling at the white house as the ax hangs over spending programs that could slow down the economy. does wall street prefer those cuts to closing tax loopholes like the president advocates? we'll take a look at all of that coming up. stay with us. at optionsxpress we're all about options trading. we create easy-to-use, powerful trading tools for all. look at these streaming charts! they're totally customizable and they let you visualize what might happen next....
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Feb 28, 2013
02/13
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now, president obama and republicans are digging in their heels just one day before the sequester kicks in. the president will host congressional leaders at the white house tomorrow, but expectations are pretty low the meeting will result in a deal to avoid the $85 billion in spending cuts. those would be phased in gradually. gun reducing costs are telling employees how furloughs would work. most federal workers require 30 days before they can be furloughed. for more joining us now is robert. welcome. just on this point about the u.s., we've seen markets not just holding up, but, in fact, doing quite well ahead of the sequester. why is that? >> well, i think there's an underlying -- there's real underlying evidence of the strength in the u.s. economy, which is partly allowing markets to look through what are clearly concerns about tightening in this economy. >> it's one thing that the u.s. is leading the recovery, perhaps leading this leg of the expansion. is it important in that sense? >> of course, the u.s. economy is not much bigger than japan, so it's always going to be more importa
now, president obama and republicans are digging in their heels just one day before the sequester kicks in. the president will host congressional leaders at the white house tomorrow, but expectations are pretty low the meeting will result in a deal to avoid the $85 billion in spending cuts. those would be phased in gradually. gun reducing costs are telling employees how furloughs would work. most federal workers require 30 days before they can be furloughed. for more joining us now is robert....
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Feb 21, 2013
02/13
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he's hoping president obama likes his abe-nomices, so to speak. a summit with the two leaders will be held on friday where prime minister abe is expected to deliver a policy speech entitled, "japan is back." tomo is joining me now. thanks so much for your time. is japan back? >> that's a good question. i think japan is certainly back and with the depreciation of the yen and higher stock prices, the market reacts at least that way and we think that this will impact on our financial market is going to filter through to the real economy anytime soon. >> this is the interesting point. it's one thing for investors to bid up the nikkei, to push down the yen in anticipation of the bank of japan will be extremely aggressive. we'll deliver on its inflation target. it's another to actually deliver. have we moved on that phase now where they have to deliver and how likely is it that they can? >> well, we are going to see a new governor and the two deputy governors in april. so, well, i think regardless of who is going to be the next governor, the bank of jap
he's hoping president obama likes his abe-nomices, so to speak. a summit with the two leaders will be held on friday where prime minister abe is expected to deliver a policy speech entitled, "japan is back." tomo is joining me now. thanks so much for your time. is japan back? >> that's a good question. i think japan is certainly back and with the depreciation of the yen and higher stock prices, the market reacts at least that way and we think that this will impact on our...
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Feb 27, 2013
02/13
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when president obama took office, you saw fear of gun legislation. that stock, by the way, up a hundred percent in six months? >> incredible. papa john's is being slammed. >> it is all about this accounting error, joint venture agreement. you can see investors slamming the sell button on this one. >> this reporting a quarterly profit, a loss, the problem is outlook for lack of an outlook. they did not give you sales outlook for 2013 and can you see it aching it hard there. >> i want to move over to what is happening with retailers. one by one by are hearing from these guys. jcp after the bell today. >> target is entering its slipping. part of the problem is kbiedance. murky, then you see headlines dropped from conference jc penney after the bell, now retail analyst will tell you, expectations are low. also watch out, because it is long here over the last three quarters. >> so we invite in mr. herb greenburg. herb, you come in on this one. coach? >> i got to say, the j man? >> j man. everyone has a nickname, as far as i'm concerned. herby, he is the j
when president obama took office, you saw fear of gun legislation. that stock, by the way, up a hundred percent in six months? >> incredible. papa john's is being slammed. >> it is all about this accounting error, joint venture agreement. you can see investors slamming the sell button on this one. >> this reporting a quarterly profit, a loss, the problem is outlook for lack of an outlook. they did not give you sales outlook for 2013 and can you see it aching it hard there....
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Feb 20, 2013
02/13
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obama based on understanding the economic impact of people not coming to the u.s. basically instructed the state department to make changes. >> china isn't helping itself with all of the headlines with hacking and its involvement in spying potentially. maybe all allegations. but if there's political concern from the top about opening whether for tourism or work more generally, this is maybe a difficult time to make the sell. >> it's difficult. that's always the excuse that the interior ministries come out with. we produced research last year just inside the g20 countries. if the u.k., india, china, and u.s. relax some of these visa policies, it would create another five million jobs, bring another $60 million of income into the countries. security forces and interior ministers need to do their work, keep the border safe. equally, they need to relax visas and automate them, make them electronic. >> there's talk that it might be scrapped -- >> i don't think that will happen. the agreement for visas is robust. as a consumer flying into the countries, it's perfect. you
obama based on understanding the economic impact of people not coming to the u.s. basically instructed the state department to make changes. >> china isn't helping itself with all of the headlines with hacking and its involvement in spying potentially. maybe all allegations. but if there's political concern from the top about opening whether for tourism or work more generally, this is maybe a difficult time to make the sell. >> it's difficult. that's always the excuse that the...
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Feb 14, 2013
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>>> the drug wholesaler cardinal health is betting big on obama care. assuremed will give cardinal health access to the growing number of americans treated a the home and there you see cardinal health up 77 cents a share at 4621. a lot of merger activity today, sue. >> yeah, there is. but the overall mark set is qui right now. the s&p is holding well above that 1500 mark, which is important of course, technically. we want to hold that 1500 mark especially on closing basis. nasdaq is bucking the downward trend of the dow. up about 2 1/3. let's look at some of the major stocks moving in today's trading session. airline index. arca index is down. but keep in mind, we have had a huge run. consolidation game apparently judged by investors is over. heinz, one of the big winners, with all of the activity continuing to add on to its gains and it is now up by a full 20% on the trading session. ty? so not bad. >> one of the most interesting things is talking about the importance of free cash flow and how that is so appealing in today's market. a lot of food compa
>>> the drug wholesaler cardinal health is betting big on obama care. assuremed will give cardinal health access to the growing number of americans treated a the home and there you see cardinal health up 77 cents a share at 4621. a lot of merger activity today, sue. >> yeah, there is. but the overall mark set is qui right now. the s&p is holding well above that 1500 mark, which is important of course, technically. we want to hold that 1500 mark especially on closing basis....
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Feb 6, 2013
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. >> and criticses that say obama didn't have enough women. >> that's right, mandy. >> a major storm brewing on the anniversary of another monster blizzard. a whole lot of snow apparently heading to the northeast. we will give you your updated storm tracker next. >> rain nor sleet nor hail will stop the post office from delivering your mail. at least for now. post office said so long to saturday service. i say, don't panic, everything is fine. >> and tim geithner writing a book. what would you title it? again, sweeping the interweb, ahead. at a dry cleaner, we replaced people with a machine. what? customers didn't like it. so why do banks do it? hello? hello?! if your bank doesn't let you talk to a real person 24/7, you need an ally. hello? ally bank. money needs an ally. >>> neither snow nor rain can stop your mailman, unless it's the weekend. because the postmaster general announcing today the post office will stop saturday delivery in august. a move that he says is desperately needed. >> a typical large organization would have either cash on hand or quick borrowing ability. two mo
. >> and criticses that say obama didn't have enough women. >> that's right, mandy. >> a major storm brewing on the anniversary of another monster blizzard. a whole lot of snow apparently heading to the northeast. we will give you your updated storm tracker next. >> rain nor sleet nor hail will stop the post office from delivering your mail. at least for now. post office said so long to saturday service. i say, don't panic, everything is fine. >> and tim geithner...
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Feb 11, 2013
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president obama has declared connecticut a state of emergency room. local public schedules should be back on service. laura champagne, thank you for joining us. >> good morning. thank you for having me. >> we wanted to explore the impact from retail on this storm. we've raised this issue before, but to what extent is a major storm like this hitting into february start to affect, perhaps, easter season, retail and shopping patterns generally speaking? is there a way to sort of trade this event? >> this particular weekend is a good weekend if you're going to have a nasty storm. it's after christmas selling season, it's after january clearance. it's before tax rebates start showing up, particularly this year, which is a bit more complicated to get your refund. so the timing really won't hurt much of retail. if you wanted to trade it, probably the way to do it would be to own home improvement companies because home depot and lowes, i'm sure, did see a pick up in their sales before this storm. >> so february being the kind of in between or quieter time as
president obama has declared connecticut a state of emergency room. local public schedules should be back on service. laura champagne, thank you for joining us. >> good morning. thank you for having me. >> we wanted to explore the impact from retail on this storm. we've raised this issue before, but to what extent is a major storm like this hitting into february start to affect, perhaps, easter season, retail and shopping patterns generally speaking? is there a way to sort of trade...
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Feb 7, 2013
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president obama had the courage to back him. and it turned out to be successful. in comparison, if i may say so, with what the europeans have done with their banks, where nobody knows what the numbers are, they apply a stress test that was meaningless and here we are some number of years later, they were still, and rightly so, enormous questions about many of the european banks. i think tim has done an excellent job. >> do you push for enough regulation? people look at compensation on wall street and say it's still too much. >> well i don't think that compensation was the purview of tim. you could argue about compensation one way or another and argue what role it played. that's an issue that the policy community is going to have to deal with going forward. but, it wasn't central to what he had to do. >> do you think compensation played a role? obviously the other critique on you has been that you were paid a huge amount of money, $100 million plus. no one's ever asked me and i was wondering if i could, did you get to keep all that money? a lot of it was in stock.
president obama had the courage to back him. and it turned out to be successful. in comparison, if i may say so, with what the europeans have done with their banks, where nobody knows what the numbers are, they apply a stress test that was meaningless and here we are some number of years later, they were still, and rightly so, enormous questions about many of the european banks. i think tim has done an excellent job. >> do you push for enough regulation? people look at compensation on...
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Feb 27, 2013
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despite rising gas prices, a sluggish economy, a staredown between president obama and congress on spending cuts the market continues to climb that wall of worry reaching an all-time high. more now on this week and what this week could tell us about that historic number. good to so you guys. fir, let me ask you about the end of the day here. we were up more than 200 at the end of the day. we ended up 175. what did you see in terms of action? was there some stock for sale? >> not so much stock for sale. just saw the market kind of tested at 200 and then just backed off. not a sense of all of a sudden profit-taking. just kind of churning and backing off. i wouldn't -- i wouldn't -- it wasn't overly stock for sale. >> but, are you guys seeing the kind of conviction day in and day out to buy stocks still? >> no. i didn't see it on the way down. there was no panic selling, and i'm not seeing it on the way back you. all the clients i talked, to multi-strategy funds that are out there. watching the whole market swing back and forth and letting do its thing and not getting in the way of anything. v
despite rising gas prices, a sluggish economy, a staredown between president obama and congress on spending cuts the market continues to climb that wall of worry reaching an all-time high. more now on this week and what this week could tell us about that historic number. good to so you guys. fir, let me ask you about the end of the day here. we were up more than 200 at the end of the day. we ended up 175. what did you see in terms of action? was there some stock for sale? >> not so much...
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Feb 13, 2013
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zuckerberg attended a high-profile dinner with president obama and hosted town halls for president obama at facebook. zuckerberg donated $100 million to newark public schools which announced with governor christie and new york mayor cory booker. >> we're starting a $100 million grant so the mayor and governor can have flexibility to implement new programs in newark and turn newark into a symbol of educationalle examinence for the whole nation. >> zuckerberg is stepping up his educated flan pi. this past december he and his wife donated 18 million facebook shares to the silicon valley community foundation. he's contributed $10,000 to facebook's political action committee which donated $267,000 to both democratic and republican candidates over the past two years but today's event does face some opposition. the democratic governor's association posted a petition earlier this week to pressure zuckerberg to cancel his fund-raiser. it has pulled the petition down. it's no longer up online. an organization called credo action is planning a protest ahead of the event this evening. the event toni
zuckerberg attended a high-profile dinner with president obama and hosted town halls for president obama at facebook. zuckerberg donated $100 million to newark public schools which announced with governor christie and new york mayor cory booker. >> we're starting a $100 million grant so the mayor and governor can have flexibility to implement new programs in newark and turn newark into a symbol of educationalle examinence for the whole nation. >> zuckerberg is stepping up his...
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Feb 12, 2013
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anything coming out of this, even if it is obama's tone, which could signal more butting of hefads in congress? >> i'm not going to make any changes, unless there's a shocker out there. but you have to come back and ask if there's a shocker out there, he can actually get anything done, is it a reality or just rhetoric. for me, i'm not expecting much. >> we heard at the beginning of the super bowl, unfortunately, that we had an un, you know, impromptu meeting with the president where we start talking about higher taxes and what not. he's had a chance to throat a few trial balloons already. >> of course, cnbc will air tonight's state of the union address, coverage begins 9:00 p.m. eastern time on cnbc. >>> coming up next, ebay shares nearing an all-time high. but do they have what it takes to keep the momentum going? nobody better to ask than the ceo, john donahoe. more "fast" straight ahead. why turbo? trust us. it's just better to be in front. the sonata turbo. from hyundai. and you wouldn't have it any other way.e. but your erectile dysfunction - you know, that could be a question of
anything coming out of this, even if it is obama's tone, which could signal more butting of hefads in congress? >> i'm not going to make any changes, unless there's a shocker out there. but you have to come back and ask if there's a shocker out there, he can actually get anything done, is it a reality or just rhetoric. for me, i'm not expecting much. >> we heard at the beginning of the super bowl, unfortunately, that we had an un, you know, impromptu meeting with the president where...
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Feb 19, 2013
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president obama, are you listening? >> four years since rick santelli started the tea party for all intents and purposes. we'll find out what he thinks now when "squawk on the street" continues. [ male announcer ] we began with the rx. ♪ then we turned the page, creating the rx hybrid. ♪ now we've turned the page again with the rx f sport. ♪ this is the next chapter for the rx and the next chapter for lexus. this is the pursuit of perfection. with fidelity's new options platform, we've completely integrated every step of the process, making it easier to try filters and strategies... to get a list of equity options... evaluate them with our p&l calculator... and execute faster with our more intuitive trade ticket. i'm greg stevens and i helped create fidelity's options platform. it's one more innovative reason serious investors are choosing fidelity. now get 200 free trades en you open an account. but i am your rmarket data. i know what you're looking for. i'm not chained to your desk anymore. i'm faster and smarte
president obama, are you listening? >> four years since rick santelli started the tea party for all intents and purposes. we'll find out what he thinks now when "squawk on the street" continues. [ male announcer ] we began with the rx. ♪ then we turned the page, creating the rx hybrid. ♪ now we've turned the page again with the rx f sport. ♪ this is the next chapter for the rx and the next chapter for lexus. this is the pursuit of perfection. with fidelity's new options...
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Feb 12, 2013
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he's never going to leave barack obama very far. we talked to him about the state of the union, about its impact on some of the fights like the budget sequester. he said he's not sure that the sequester is going to happen or not, whether they're going to make a deal, but this is the single biggest opportunity he's got to make his case on why we need revenues as well as spending cuts. here is david axelrod on the significance of the state of the union to that effort. >> we have a standoff on these issues. this is the largest audience he's going to have. the goal is to move public opinion because that's what moves congress. i think some of the reasons we now see some moment on issues like immigration reform, for example, has to do less with what the president said and more with what the american people have said. >> i also talked to david about the attitude the president has shown since the election. he certainly had a little bit more spring in his step. some people say he's been cocky since that election, throwing a couple of elbows
he's never going to leave barack obama very far. we talked to him about the state of the union, about its impact on some of the fights like the budget sequester. he said he's not sure that the sequester is going to happen or not, whether they're going to make a deal, but this is the single biggest opportunity he's got to make his case on why we need revenues as well as spending cuts. here is david axelrod on the significance of the state of the union to that effort. >> we have a standoff...
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Feb 19, 2013
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companies fighting back against president obama's new health care law. financial times reporting a few employers considering cutting hours of workers so they are not qualified as fulltime workers, rather than in insuring their staff. and other things, paying the penalty instead of paying to in sure. we could have seen this coming, couldn't we? >> there's gambling in casablanca, tyler. i can't believe it. look, remember when they started prescription drug plan for elderly seniors. before medicare didn't cover that. part d. do you know what a good chunk of the cost was? the government wrote checks to corporations so they would not dump seniors from retirement plans if they had been covering medicine already. this was so predicted, chronicle of a big gap in the plan foretold. >> eamon, many people out there believe after all this could end up with fewer people covered than more people covered. i don't know if you subscribe to that but it's an argument out there. >> this is such a big and sprawling new law, hard to they will what the unintended consequences
companies fighting back against president obama's new health care law. financial times reporting a few employers considering cutting hours of workers so they are not qualified as fulltime workers, rather than in insuring their staff. and other things, paying the penalty instead of paying to in sure. we could have seen this coming, couldn't we? >> there's gambling in casablanca, tyler. i can't believe it. look, remember when they started prescription drug plan for elderly seniors. before...
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Feb 26, 2013
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until president obama makes a push for natural gas vehicles, says yes to the keystone, and unless the saudis begin to pump more oil to lower the price of brent crude, something they won't do since they curtailed production, it is getting used to the higher gasoline prices as the world uses more oil. even as we alas are using less. the oil is in the wrong places, the refinery is in the wrong places. we don't have enough infrastructure and it looks like never the twain shall meet. "mad money" is back after this. ♪ ♪ [ male announcer ] how do you engineer a true automotive breakthrough? ♪ you give it bold new styling, unsurpassed luxury and nearly 1,000 improvements. introducing the redesigned 2013 glk. see your authorized mercedes-benz dealer for exceptional offers through mercedes-benz financial services. >>> betting line is there will be no sequester or there will be a solution for the end of march when it's really expected to kick in. that's right. despite the four-days to armageddon rap, the stocks that have been going higher or hanging in there, notably the defense stocks wou
until president obama makes a push for natural gas vehicles, says yes to the keystone, and unless the saudis begin to pump more oil to lower the price of brent crude, something they won't do since they curtailed production, it is getting used to the higher gasoline prices as the world uses more oil. even as we alas are using less. the oil is in the wrong places, the refinery is in the wrong places. we don't have enough infrastructure and it looks like never the twain shall meet. "mad...
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Feb 19, 2013
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. >> of course, president barack obama is also saying we need new tax revenue as part of a followup dahle deal and today alan simpson and erskine bowles said they want even more cut than they had asked for before. while agreeing with the president on revenue, errse the former clinton white house chief of staff says he needs to push both sides. >> we're going to have to push the white house on health care. push the republicans on revenue. what we've tried to do is make enough cuts in health care to slow the rate of growth on a per capita basis to the rate of the growth in the economy. in our opinion that takes $600 billion to do over a ten-year period. >> reporter: maria, even if erskine bowles and alan simpson are successful in that, it's not likely to be before march 1st. this is all happening in public. private negotiations are not going on it. may be, as erskine bowles and alan simpson suggested today, that we need a public backlash from the consequences of some of those sequester cuts before there's enough heat for washington to make a deal. >> deja vu again. these speeches sound more
. >> of course, president barack obama is also saying we need new tax revenue as part of a followup dahle deal and today alan simpson and erskine bowles said they want even more cut than they had asked for before. while agreeing with the president on revenue, errse the former clinton white house chief of staff says he needs to push both sides. >> we're going to have to push the white house on health care. push the republicans on revenue. what we've tried to do is make enough cuts in...
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Feb 18, 2013
02/13
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republicans said that this was a campaign commercial for president obama, a payback. did you anticipate that criticism? >> just to rectify the record here. i paid back the loans and 19.7% interest. i don't think that i committed to do a commercial on top of that. i thought that the republicans' reactions to this was unnecessary and out of place. >> that's very restrained from you--for you. >> it is. i'm on camera. [laughs] you put me here. you turn these things off, i'll give you my own assessment. this is the old boardroom of fiat. >> marchionne splits his time between the fiat headquarters in turin, italy, and chrysler headquarters in auburn hills, michigan, but he is fully engaged on both continents at all times. i mean, when you're here, do you get calls? do you have to deal with fiat? >> yeah. that's why i get up at 3:30 in the morning, so i can deal with the european side and be fine here by the time i get in. i mean, the other thing that helps is the--our time zones. >> when do you go to sleep? >> 10:00. i'm not really a late night guy. i used to be when i was
republicans said that this was a campaign commercial for president obama, a payback. did you anticipate that criticism? >> just to rectify the record here. i paid back the loans and 19.7% interest. i don't think that i committed to do a commercial on top of that. i thought that the republicans' reactions to this was unnecessary and out of place. >> that's very restrained from you--for you. >> it is. i'm on camera. [laughs] you put me here. you turn these things off, i'll give...
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Feb 25, 2013
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and obama care is not even mandated until 2014. what makes you think that given all the headwinds that we're going to see, just in terms of, you know, regulations and new programs that in 2014 we're going to be in a better position to absorb some of these cuts? i'm worried now we're never going to be in a good position to absorb cuts economically. we may never have any growth. >> i'm more optimistic than that. we've talked about this before, joe. but, i think 2013, in gdp terms, is a transitional year, transitioning from these five years of weakness following all the events of 2008, into a stronger economy, mid 2014, end of 2014 -- >> that's a long transition. >> i think that's the case because of housing, because of energy, because of manufacturing, because of the end of household deleveraging, and i really think we're going to enter into a stronger period. it's not going to be this year. but i think it's coming. >> roger i want to go back to what becky said, which is let's say if you had a week to redo this plan. you still have t
and obama care is not even mandated until 2014. what makes you think that given all the headwinds that we're going to see, just in terms of, you know, regulations and new programs that in 2014 we're going to be in a better position to absorb some of these cuts? i'm worried now we're never going to be in a good position to absorb cuts economically. we may never have any growth. >> i'm more optimistic than that. we've talked about this before, joe. but, i think 2013, in gdp terms, is a...
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Feb 22, 2013
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president obama just talked about the sequester cuts. he was asked if they are inevitable. he said, i never thing anything is inevitable but it looks like it will happen. this helps explain, tyler and simon, why there isn't more urgency about solving the problem right now. >> that's one of the things we have to contend with next week. the next is the italian elections then the hawkins test on humphreys for the moment. we hire a major component of that dow. hpq, hewlett-packard begins to gain, in the wake of last night's result and exclusive interview last night on cnbc. >> just when you think you have the markets figured out, they throw you an up day. >> "street signs" begins right now. have a great weekend. >>> and welcome to "street signs," everybody. i'm mandy and we are black in back, baby. dow is soaring. turning positive for the week now but could we head for the case of the mondays come next week. also hp is leaving this market higher. that stock hits a fur-year high. also, stock shopping spree. we will hit the mall for three things that every invest over, yes, that
president obama just talked about the sequester cuts. he was asked if they are inevitable. he said, i never thing anything is inevitable but it looks like it will happen. this helps explain, tyler and simon, why there isn't more urgency about solving the problem right now. >> that's one of the things we have to contend with next week. the next is the italian elections then the hawkins test on humphreys for the moment. we hire a major component of that dow. hpq, hewlett-packard begins to...
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Feb 25, 2013
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until president obama makes a push for natural gas vehicles, says yes to the keystone, and unless the saudis by again to pump more oil to lower the price of brent crude something they won't do since they curtailed production it is getting used to the higher gasoline prices as the world uses more oil. even as we alas are using less. the oil is in the wrong places, the refinery is in the wrong places. we don't have enough infrastructure and it looks like never the twain shall meet. "mad money" is back after this. (announcer) at scottrade, our clients trade and invest exactly how they want. with scottrade's online banking, i get one view of my bank and brokerage accounts with one login... to easily move my money when i need to. plus, when i call my local scottrade office, i can talk to someone who knows how i trade. because i don't trade like everybody. i trade like me. i'm with scottrade. (announcer) scottrade. awarded five-stars from smartmoney magazine. how do you keep an older car running like new? you ask a ford customer. when they tell you that you need your oil changed you got to
until president obama makes a push for natural gas vehicles, says yes to the keystone, and unless the saudis by again to pump more oil to lower the price of brent crude something they won't do since they curtailed production it is getting used to the higher gasoline prices as the world uses more oil. even as we alas are using less. the oil is in the wrong places, the refinery is in the wrong places. we don't have enough infrastructure and it looks like never the twain shall meet. "mad...
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Feb 12, 2013
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>>> president obama set to deliver the state of the union tonight at anybo9:00 eastern ti. for that, we go to rick santelli. >> welcome. welcome senator isaacson, senator from georgia. two things. i would like you to weigh in on two ideas. first, one put forth in the "washington post" yesterday. obama, job of debt reduction nearly done, the first one. 80% of the commentators i listen to on television and the media at large, hey, maybe the president will be less partisan and reach across the aisle. weigh in on those two notions. >> first of all, we're not 80% done on the debt and have a long way to go. this president needs to engage on our debt deficit. that's critical. second, i hope it won't be that partisan. hope it will be bipartisan. realizing america has a budget problem and americans have tightened their belts and it's time we did in washington. >> i'm not as optimistic as you are. after four years, i can pretty much tell you all the issues out there and a lot of good ideas. you brought up jobs. really, isn't there a philosophical difference here. that the spending mo
>>> president obama set to deliver the state of the union tonight at anybo9:00 eastern ti. for that, we go to rick santelli. >> welcome. welcome senator isaacson, senator from georgia. two things. i would like you to weigh in on two ideas. first, one put forth in the "washington post" yesterday. obama, job of debt reduction nearly done, the first one. 80% of the commentators i listen to on television and the media at large, hey, maybe the president will be less partisan...
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Feb 28, 2013
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implementation of obama care is creating uncertainty for the future. but this is why we don't do thesis investing here on "mad money," because all too often the facts refuse to comply with the story. take dominos, the second best performing stock over the last 12 months. maybe that means the consumer's fine or the consumer's in trouble, i don't care, but dominos is executing so well with the new deep dish pan pizzas that the company can transcend those problems. you're better off investing based off what's happening in a individual company rather than trying to put a story together about the whole economy that you can try to shoe horn lots of stocks into. especially if you're like me and my kids we all love dominos and order it every time we're together. no cheese, though. a 60-cent basis, rising 7.5% year-over-year. beyond, that the domestic same store sales increased by 4.7%, international, because dominos, by the way hugely and rapidly growing international business rose 5.2% versus the year before. dominos instituting the very first dividend paying
implementation of obama care is creating uncertainty for the future. but this is why we don't do thesis investing here on "mad money," because all too often the facts refuse to comply with the story. take dominos, the second best performing stock over the last 12 months. maybe that means the consumer's fine or the consumer's in trouble, i don't care, but dominos is executing so well with the new deep dish pan pizzas that the company can transcend those problems. you're better off...
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Feb 8, 2013
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. >> david, obama care is coming. how is that going to affect your company? >> we see obama care as driving change in the marketplace and change is good because maybe to your core question, the status quo is not acceptable. we need to take costs out of the system and increase quality. for us, focus more on services. the change in the marketplace is a positive. one of the biggest changes we see happening in the united states is the opportunity to partner with physicians, to collaborate with physicians, to drive increases in health quality. today we have over 50 collaboratives already up and running in the united states where physicians are more paid based on the quality of outcomes haves the quality of services. as a result, people are getting better quality of outcomes, better services and costs are coming out of the system. >> david, give us a -- your outlook for the year ahead and a little bit beyond that. to what extent, when washington is -- it's in the middle right now of the process of trying to find cost savings. do you expect some of those cost saving
. >> david, obama care is coming. how is that going to affect your company? >> we see obama care as driving change in the marketplace and change is good because maybe to your core question, the status quo is not acceptable. we need to take costs out of the system and increase quality. for us, focus more on services. the change in the marketplace is a positive. one of the biggest changes we see happening in the united states is the opportunity to partner with physicians, to...
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Feb 20, 2013
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austin didn't mention the obama-care tax or payroll tax or any of that. those are all headwinds, too. >> listen, i think the impasse in washington is just crazy right now. i am absolutely for not having the sequestration. it's just too blunt of an object. >> but the two sides have not been able to -- >> zero. >> no common room -- common ground. >> if you could cut 85 you wanted to cut? >> in a nanosecond. >> do you have 85 you want to cut? >> do i know it off the top of my head. i think you need to still hit the revenue side. you need revenues and spending to be that fly% differential, you have to get there. you need revenues up by 18%. >> do you get that growing or additional taxes? >> i don't want to use the word taxes and i'm not trying to -- i don't think we're talking about tax rates here. there are certainly revenue loopholes we could be closing. >> we're supposed to close those to lower marginal rates. >> but we didn't. >> simpson-bowles we were lowering marginal rates and closing loopholes. now, we raise annual rates and you close loopholes. >> it
austin didn't mention the obama-care tax or payroll tax or any of that. those are all headwinds, too. >> listen, i think the impasse in washington is just crazy right now. i am absolutely for not having the sequestration. it's just too blunt of an object. >> but the two sides have not been able to -- >> zero. >> no common room -- common ground. >> if you could cut 85 you wanted to cut? >> in a nanosecond. >> do you have 85 you want to cut? >> do i...
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Feb 26, 2013
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obama is not keen to see another military invention. that's an opportunity to change the hymn sheet, if you will, for the government to anoind noint another successor. the fact that the talks are happening over engagement, i don't see iran giving up its nuclear program. >> it's good to see you. tina ford, political analyst at italy. still to come, we'll look at consumers being a bit more cautious on spending. what are the high-end stores doing to keep and grow their customer base? we'll be joined by the head of the luxury marketing counsel. >>> you're watching "worldwide exchange." european stocks plunged on the prospects of political gridlock in italy. italian bank stocks lead the way lower. that's after the center left coalition wins the lower house, but no one has secured an obvious majority in the senate. the current government central bank are holding crisis talks. >>> and ben bernanke is heading to capitol hill today to try to provide some soothing words about fed policy and calm the market concerns about weak global growth. >> ve
obama is not keen to see another military invention. that's an opportunity to change the hymn sheet, if you will, for the government to anoind noint another successor. the fact that the talks are happening over engagement, i don't see iran giving up its nuclear program. >> it's good to see you. tina ford, political analyst at italy. still to come, we'll look at consumers being a bit more cautious on spending. what are the high-end stores doing to keep and grow their customer base? we'll...